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Well Established Renowned Plumbing, Bath Remodeling, Construction Materials Business In Indiana For Sale

Midwest, Indiana, US
Asking Price:
$1,460,000
Sales Revenue:
$1,965,000
Cash Flow:
$448,500

Business Description
Founded 1993, this renowned plumbing firm has delivered fast, reliable service for these two MIDWEST states for over 30 years. The firm’s seven plumbers solve all kinds of everyday problems: broken garbage disposals, clogged drains, sewer work, repair and expertly service and replace both tank and tankless water heaters, sump pumps and more. Known as the neighborhood plumbing experts, the company has almost 100 5-STAR REVIEWS.
The facility is a retail store open to the public (not a wholesale supplier), which also has a showroom with the latest fixtures and finish samples, and a gallery showcasing examples of their renowned, professional installations of the finest products in kitchen and bathroom remodeling. The firm's website details the scale of the team’s remodel project capabilities, but also shows their capabilities as a dealer, installer, and service company for several brands of large plumbing appliances: water heaters, sump pumps, wells pumps, et al.

Services and features: service on all makes and models, drain cleaning, leak repairs, garbage disposals, water softeners, water heater service and replacement specialists for tankless and tank water heaters, sewer and drain cleaning services, line video inspection, sewer line location, inspection, repair and replacement, plumbing fixtures and supplies, underground water and sewer lines, retrofits, certified technicians, planned service agreements.

Property Information

Real Estate:

Lease

Lease Terms:

A flexible lease will be available, renewable indefinitely.

Leasehold Rent:

$43,000 per annum

Location:

Located on Main Street in the oldest city most historical city in the state.

Premises Details:

Well appointed two-story 10,800 sf building on Main Street houses showrooms, accessories and plumbing fixtures store and offices, and features: • inside foyer • reception • offices • break room • plumbing fixtures, accessories and assorted PVC parts store • new ceramic appliances and PVC storage • bath display showroom

Size in square feet:
10,800

Business Operation

Expansion Potential:

The company was once also an HVAC installer and servicer, but the difficulty of finding qualified HVAC technicians led them to focus on the plumbing (and related services) space.

Competition / Market:

2 larger firms locally position themselves also as HVAC. This seller is plumbing only, fixtures and remodeling services, and has over 6 dozen 5-star reviews appreciating what they do and the different kinds of solutions they are known for.

Reasons for selling:

Family responsibilites and other business interests

Employees:
11
Years established:
31

Other Information

Support & training:

60 days plus, consulting by phone (and social media) as needed.

Furniture / Fixtures value:
$275,800
Inventory / Stock value:
$120,000